Dynamic externalities: Comparing conditions for Hopf bifurcation under laissez-faire and planning

DOI10.1023/A:1018971506197MaRDI QIDQ1808166zbMATH OpenWikidataFDO

Authors Franz Wirl

Publication date 2 December 1999

Published in Annals of Operations Research (Search for Journal in Brave)

zbMATH Keywords

Hopf bifurcationlimit cyclesexternalitieslaissez-faire versus social optimum

Mathematics Subject Classification ID

Dynamical systems in optimization and economics (37N40) Bifurcations of limit cycles and periodic orbits in dynamical systems (37G15) Economic growth models (91B62)

Recommendations

• Stability and limit cycles in competitive equilibria subject to adjustment costs and dynamic spillovers.
• Limit cycles in dynamic economic systems
• Intersectoral externalities and indeterminacy
• Hopf bifurcations in multisector models of optimal economic growth

Cited in

(1)

• Stability and limit cycles in competitive equilibria subject to adjustment costs and dynamic spillovers.

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